Romania's Gross Domestic Product (GDP) has gone up in 2021 by 17 billion Euro, as opposed to 2019 and reached almost 1.190 billion RON, a historic record, according to the Minister of Entrepreneurship and Tourism, Constantin-Daniel Cadariu."Romania reaches a GDP of almost 1.190 billion RON at the end of 2021, approximately 240 billion Euro. This is a historic record. Despite the biggest crisis of the last decades, Romania's GDP has gone up in 2021 by 17 billion Euro as opposed to 2019 (a boom year of the global economy when we had a GDP of 223 billion Euro). The GDP in 2021 is 21 billion Euro larger than last year (218.9 billion Euro), during the peak of the pandemic caused economic crisis. Furthermore, Romania ends 2021 with an economic growth of approximately 7%. At the beginning of the year, the Citu Government cautiously estimated a growth of 4.3%. Economic growth will be 2.7 percentage points higher than the one estimated when the 2021 budget was being made," Cadariu wrote on Facebook, on Monday.In the fiscal-budgetary strategy for 2021-2023, based on which the budget was built last year, an economic growth of 4.3% was foreseen, as well as a GDP of 1,116.837 billion RON.The National Commission for Strategy and Prognosis (CNSP) estimated, on its medium term forecast for 2021-2025, the autumn variant, a GDP value of 1,190.3 billion RON in 2021, with a 7% increase from the previous year.
WWF Romania has launched a series of planting initiatives in Bucharest aimed at supporting declining pollinator species, joining forces with local environmental groups to transform urban green spaces into habitats for bees, butterflies, and other beneficial insects. The first intervention took place on November 1 in the 400 sqm garden of the Museum of Maps, […]
Romanian prosecutors conducted searches on Friday, November 7, at the headquarters of the steel mill Liberty Galați and in several counties, in a case of embezzlement and tax evasion that includes Russian gas giant Gazprom, Economedia.ro reported. Specifically,...
Romania has begun testing the US-supplied Merops anti-drone system as part of wider NATO efforts to strengthen air defenses on the alliance’s eastern flank, defense minister Ionuț Moșteanu told local news channel Digi24. The system, already used in...
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
